Marelli Wins Approval for $518.9M Bankruptcy Loan
The company will return to court in the coming weeks to seek final approval from U.S. Bankruptcy Judge Craig Goldblatt for the full, $1.1 billion financing package. (Kiyoshi Ota/Bloomberg) Bankrupt auto-parts supplier Marelli Holdings Co. won court approval to borrow $518.9 million to help fund its reorganization after delaying a ...more
Trump Gets Tentative Win From CBO Tax and Tariff Estimates
Donald Trump by Win McNamee/Getty Images The nonpartisan Congressional Budget Office handed Republicans a major political talking point June 4, ...more
Canada Prime Minister Carney Holds Back on Tariff Retaliation
If the negotiations with the U.S. fail, the government plans to retaliate, Canadian Prime Minister Mark Carney said. (David Kawai/Bloomberg ...more
Fleet Margins Set to Shrink Again in 2025, CSCMP Finds
Rates are unlikely to rebound for for-hire fleets in 2025 and neither will demand, while costs will rise, survey respondents ...more
Daimler Truck Financial Services Selects North Carolina HQ
(City of Charlotte) The financial lender for Daimler Truck North America will establish its headquarters in North Carolina with a ...more
Large equipment was spilled across a North Carolina road after a tractor trailer overturned, damaging a bridge in the process. ...more
A trucking company owner-operator is facing multiple federal charges after allegedly taking part in credit card fraud. On June 3, ...more
Oreo Maker Mondelez Sues Aldi Over Packaging
Top row from left: Mondelez's products Nutter Butter, Chips Ahoy! and Oreo cookies. Bottom row ...more
Details Scarce on Nippon-US Steel Deal
The U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pa. (Justin Merriman/Bloomberg) HARRISBURG, ...more
Trump Says China Violated Its Trade Agreement With US
(cbarnesphotography/Getty Images) President Donald Trump said he expected to speak to Chinese President Xi Jinping ...more
Key Inflation Gauge Cools in April
Shoppers at a store in the Brooklyn borough of New York. (Michael Nagle/Bloomberg) WASHINGTON — ...more
Tariff Truce Keeps China-US Trade Flowing Across the Pacific
A tugboat assists a containership to its berth at the Port of Long Beach. (Tim ...more
Tariff Truce Has Kept China-US Trade Flowing Across the Pacific
A tugboat assists a containership to its berth at the Port of Long Beach. (Tim ...more
Northern US Mayors Call for End to Trade War With Canada
A tractor-trailer traveling into the United States at the Canada-U.S. border in St-Bernard-de-Lacolle, Quebec. (Graham ...more
DOT Moves to Slash Dozens of Trucking Regulations
DOT said that in total, the deregulatory package will rescind, withdraw or amend burdensome regulations ...more
Duffy Defends Trump’s $27 Billion Infrastructure Budget
(Susan Walsh/Associated Press) WASHINGTON — The country’s top transportation officer defended the White House’s fiscal ...more
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The Nebraska State Patrol’s (NSP) Carrier Enforcement Division recently conducted a local commercial vehicle inspection ...more
Ex-Audi CEO Pleads Guilty to Diesel Emissions Charges
Rupert Stadler, former CEO of Audi, sits in a regional court room in Munich, Germany, ...more
Volvo Cars CEO Insists R&D Direction Not Shifting to China
“People worry Geely will centralize R&D in China. That’s a misunderstanding,” Samuelsson said. (Mikael Sjoberg/Bloomberg) ...more
Reversing semi truck causes building explosion
A building exploded in West Virginia on Friday morning when a reversing tractor trailer backed ...more
The Federal Motor Carrier Safety Administration (FMCSA) will remove certain motor carrier routing regulations because ...more
Orlando Interstate closed for pallet spill in truck overturn
A big rig overturned on Interstate 4 in Florida on Tuesday morning, creating traffic backups. ...more